From a purely takeover perspective,TAM holds cash and NST shares worth around $32m plus c/f tax losses of around $180m valued at say 20% is $36m totaling $68m. So with a current market cap at $55m, their 50k++ oz totally free carried interest (likely to end up being 25%) is not at all priced in at current prices.IMO their 25% free carried interest could be worth at least $75m+ this may be conservative given they end up holding 25% of the new / referbished plant likely to cost in $100m+, TAM share of this asset would be $25m+ at NO cost to them from my understanding of the farm-in agreement. The plant may also be larger than 150oz pa if NST is confident of increasing resources within the CTP and/or from their surrounding leases.
dyor
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What is the cash asset backing of TAM shares, page-12
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Last
2.7¢ |
Change
0.000(0.00%) |
Mkt cap ! $31.72M |
Open | High | Low | Value | Volume |
0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
No. | Vol. | Price($) |
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2 | 135072 | 2.7¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
2.8¢ | 35710 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 135072 | 0.027 |
2 | 350000 | 0.026 |
1 | 300000 | 0.025 |
1 | 142857 | 0.021 |
1 | 1000000 | 0.020 |
Price($) | Vol. | No. |
---|---|---|
0.028 | 35710 | 1 |
0.030 | 200500 | 2 |
0.031 | 200000 | 2 |
0.032 | 143646 | 1 |
0.034 | 1099915 | 2 |
Last trade - 16.12pm 09/08/2024 (20 minute delay) ? |
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